Firstly, it will acquire Catapult Genetics, Pty., Ltd., focused on developing
and commercialising innovative livestock DNA tests and gene markers to assist
global food producers, processors and retailers in improving profitability and
quality in the global food chain; and
In addition, Bovigen, LLC, which markets DNA technology, including Catapult's
products in the US and throughout Canada, Central America and South America will
join its portfolio.
Terms of the agreements were not disclosed. The acquisitions are expected to
close by the end of this month. The two companies will continue to market
products and services to their own customers as well as Pfizer Animal Health
customers.
"This is a strategic initiative that places Pfizer at the forefront of
livestock gene marker R&D and enhances Pfizer's ability to offer more
complete solutions to global livestock producers," said Juan Ramon Alaix,
president, Pfizer Animal Health.
Gerard Davis, chief executive officer, Catapult Genetics commented that he
expects livestock producers will begin to see an enhanced range of genetic
tools. "
Pfizer will continue to access and draw on the best R&D from Australia,
New Zealand, the U.S., and Europe. As novel marker panels are discovered and
developed, Pfizer plans to introduce new products and services to livestock
producers.
About Catapult Genetics
Catapult is a global innovator
and leader in livestock DNA testing technologies for meat and carcass quality
and production efficiency under the GeneSTAR® Quality Grade, Feed Efficiency,
the SureTRAK® system, and the SireTRACETM product brands. www.catapultgenetics.com
About Bovigen
Bovigen, LLC, based in Harahan, Louisiana,
is a global genetic technology company founded by Vic Castellon in 2003. Bovigen
will continue to market and service Catapult's products throughout the Americas.
www.bovigen.com
About Pfizer Animal Health
Pfizer Inc. (NYSE: PFE), the
world's largest research-based pharmaceutical company, is a world leader in
discovering and developing innovative animal vaccines and prescription
medicines. Pfizer Animal Health is dedicated to improving the safety, quality
and productivity of the world's food supply by enhancing the health of livestock
and poultry; and in helping companion animals live longer and healthier lives.
www.pfizerah.com
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